industry ministry

FDI will help create 1 crore new jobs in retail: Government


September 21st, 2012 - 5:30 pm ICT by IANS
New Delhi, Sep 21 (IANS) The government Friday claimed that foreign direct investment (FDI) will help create over 1 crore (10 million) new jobs in the retail sector and benefit ... Read more...

Posted in Politics |

States have prerogative not to allow FDI in multi-brand retail: Government


September 18th, 2012 - 8:12 pm ICT by IANS
New Delhi, Sep 18 (IANS) Amid growing protests against its decision to allow foreign direct investment (FDI) in multi-brand retail, the government Tuesday said the implementation of the policy remained ... Read more...

Posted in Business |

Government-industry task force to meet next week


August 10th, 2012 - 6:51 pm ICT by IANS
New Delhi, Aug 10 (IANS) A government-industry task force headed by Commerce and Industry Minister Anand Sharma will meet here next week to discuss fall in industrial output and ... Read more...

Posted in Business |

Singapore’s GDP contracts


August 10th, 2012 - 2:18 pm ICT by IANS
Singapore, Aug 10 (IANS) Singapore's economy shrank by 0.7 percent on quarter in the second quarter, reversing the 9.5 percent growth in the previous quarter, said trade and industry ministry ... Read more...

Posted in Business |

Japan’s factory output drops


July 30th, 2012 - 2:55 pm ICT by IANS
Tokyo, July 30 (IANS) Japan's industrial output was down 0.1 percent in June from the previous month, marking the third consecutive month of contraction, a government report said Monday.The index ... Read more...

Posted in Business |

China vows protection of rare earth metals


July 25th, 2012 - 8:29 pm ICT by IANS
Beijing, July 25 (IANS) China Wednesday vowed to protect its rare earth products and said it will work with other countries to solve the policy disputes over the resources.The government ... Read more...

Posted in Business |

Sharma seeks Punjab, Haryana’s support for FDI in retail


July 18th, 2012 - 9:22 pm ICT by IANS
New Delhi, July 18 (IANS) Commerce and Industry Minister Anand Sharma will meet the chief ministers of Punjab and Haryana Thursday to garner support for allowing foreign direct investment ... Read more...

Posted in Business |

Exports dip by 5.45 percent; trade deficit narrows (Lead)


July 13th, 2012 - 8:20 pm ICT by IANS
New Delhi, July 13 (IANS) India's exports dropped 5.45 percent to $25.07 billion in June, falling sharply for the second consecutive month due to weak demands in North America and ... Read more...

Posted in Business |

Colombia to ratify tax treaty with India by year-end


July 8th, 2012 - 5:45 pm ICT by IANS
Bogota, July 8 (IANS) Colombia is likely to ratify double taxation avoidance agreement (DTAA) with India by the end of this year, which will help boost flow of two-way investments.Colombia's ... Read more...

Posted in Business |

Argentina sees wind energy projects creating 10,000 jobs


June 11th, 2012 - 11:38 am ICT by IANS
Buenos Aires, June 11 (IANS/EFE) The government is working with the private sector to develop wind energy projects in Argentina under a plan that could create 10,000 jobs and produce ... Read more...

Posted in Business |

Government sets up board to boost manufacturing


June 3rd, 2012 - 5:54 pm ICT by IANS
New Delhi, June 3 (IANS) The government Sunday announced a board to help operationalise the national manufacturing policy that aims to create 100 million additional jobs and boost the share ... Read more...

Posted in Business |

Inflation rises to 7.23 percent; food prices surge (Lead)


May 14th, 2012 - 8:43 pm ICT by IANS
New Delhi, May 14 (IANS) India's inflation moved up to 7.23 percent in April as compared to 6.89 percent in the previous month, mainly driven by a sharp increase ... Read more...

Posted in Business |

Inflation accelerates to 7.23 percent in April


May 14th, 2012 - 2:47 pm ICT by IANS
New Delhi, May 14 (IANS) India's inflation rose faster-than-expected to 7.23 percent in April as compared to 6.89 percent in the previous month, mainly driven by a sharp increase in ... Read more...

Posted in Business |

Aviation stocks climb on FDI hopes


April 11th, 2012 - 6:53 pm ICT by IANS
Mumbai, April 11 (IANS) Share prices of aviation companies soared Wednesday on reports that the government would this week permit up to 49 percent foreign direct investment (FDI) in ... Read more...

Posted in Business |

India eases overseas investment norms for commodity exchanges


April 10th, 2012 - 5:47 pm ICT by IANS
New Delhi, April 10 (IANS) Foreign institutional investors (FIIs) can now invest up to 23 percent in Indian commodity exchanges without government approval, the commerce and industry ministry said Tuesday.In ... Read more...

Posted in Business |

Bengal assembly passes bill to relax land ceiling laws


April 3rd, 2012 - 1:29 am ICT by IANS
Kolkata, April 2 (IANS) The West Bengal assembly Monday passed a bill to relax urban land ceiling laws, aiming to facilitate setting up of manufacturing units for the state's ... Read more...

Posted in Business |

BRICS ministers to discuss trade, investment


March 27th, 2012 - 8:35 pm ICT by IANS
New Delhi, March 27 (IANS) Trade ministers from Brazil, Russia, India, China and South Africa (BRICS), representing over 40 percent of the world's population, will meet here Wednesday to discuss ... Read more...

Posted in Business |

Iran, India pledge to boost trade ties


March 12th, 2012 - 8:49 am ICT by IANS
Tehran, March 12 (IANS) Iranian and Indian business leaders have pledged to boost trade ties. Currently, the bilateral trade is worth $15 billion and expected to hit $25 billion by ... Read more...

Posted in Business |

Channel Tunnel to get mobile phone coverage


March 3rd, 2012 - 6:43 pm ICT by IANS
London, March 3 (IANS) The Channel Tunnel that passes 250 feet under the seabed and connects Britain with France will soon get mobile phone coverage, The Telegraph reported Saturday.Eurotunnel, which ... Read more...

Posted in Business |

Weavers’ woes: Government packages pass them by (Feature) (with images)


February 26th, 2012 - 1:34 pm ICT by IANS
New Delhi, Feb 26 (IANS) Ali Husain Ansari, a weaver of embroidered Mughal textiles and owner of Abdul Ghani Silk in Varanasi town of northern India, says he has not ... Read more...

Posted in Business |

Himachal seeks another textile park


February 22nd, 2012 - 12:56 am ICT by IANS
Shimla, Feb 21 (IANS) Himachal Pradesh Industries Minister Kishan Kapoor Tuesday requested the central government to provide funds for setting up another textile park in the state.Speaking at a meeting ... Read more...

Posted in Business |

India may allow Pakistani investments


February 16th, 2012 - 8:49 pm ICT by IANS
Islamabad, Feb 16 (IANS) In a major step forward towards normalising business ties, the Indian government plans to bring changes in the Foreign Exchange Management Act (FEMA) to allow investments ... Read more...

Posted in World |

Easing of rates depends on future inflation, growth: RBI


January 23rd, 2012 - 9:09 pm ICT by IANS
New Delhi, Jan 23 (IANS) A day before it unveils the third quarterly review of its monetary policy, the Reserve Bank of India signalled it may not lower interest rates, ... Read more...

Posted in Business |

RBI should cut rates to boost growth: Sharma


January 23rd, 2012 - 6:11 pm ICT by IANS
New Delhi, Jan 23 (IANS) The Reserve Bank of India (RBI) should cut interest rates at its policy review Tuesday to boost industrial growth and investment as inflation had declined, ... Read more...

Posted in Business |

Inflation falls to two-year low in December (Roundup)


January 16th, 2012 - 8:59 pm ICT by IANS
New Delhi, Jan 16 (IANS) India's annual inflation rate fell to a two-year low of 7.47 percent in December, offering relief to policy-makers ahead of crucial state elections.The inflation, ... Read more...

Posted in Business |

Abu Dhabi sovereign fund keen to invest in India


January 16th, 2012 - 7:12 pm ICT by IANS
New Delhi, Jan 16 (IANS) Abu Dhabi Investment Authority, the sovereign wealth fund of the United Arab Emirates, Monday expressed "keen interest" in increasing investment in India, especially in infrastructure ... Read more...

Posted in Business |

India Inc welcomes 100 percent foreign equity in single-brand retail


January 10th, 2012 - 11:09 pm ICT by IANS
New Delhi, Jan 10 (IANS) India Inc Tuesday welcomed the government's move to allow 100 percent foreign equity in single-brand retail."This is a welcome move with a clear potential to ... Read more...

Posted in Business |

India allows 100 percent FDI in single brand retail (Roundup)


January 10th, 2012 - 9:11 pm ICT by IANS
New Delhi, Jan 10 (IANS) India Tuesday allowed 100 percent foreign equity in single brand retail, notifying the norms that among other things said all wholly-owned international brands will need ... Read more...

Posted in Business |

India allows 100 percent FDI in single brand retail


January 10th, 2012 - 8:24 pm ICT by IANS
New Delhi, Jan 10 (IANS) India Tuesday allowed 100 percent foreign equity in single brand retail, notifying the norms that among other things said all wholly owned international brands will ... Read more...

Posted in Business |

Core industries growth rebounds to 6.8 percent


December 26th, 2011 - 9:28 pm ICT by IANS
New Delhi, Dec 26 (IANS) India's core industries grew 6.8 percent in November, compared to just 0.3 percent in October, raising hopes of a rebound in overall factory output, official ... Read more...

Posted in Business |

Food inflation drops sharply to 1.81 percent


December 22nd, 2011 - 5:10 pm ICT by IANS
New Delhi, Dec 22 (IANS) India's annual food inflation fell sharply to 1.81 percent for the week ended Dec 10 as compared to 4.35 percent in the previous week ... Read more...

Posted in Business |

Top French official visits Libya for trade ties


December 21st, 2011 - 10:41 am ICT by IANS
Paris, Dec 21 (IANS) A senior French official is on a two-day visit to Libya to strengthen economic ties with Africa's largest oil exporter, the French government said.Pierre Lellouche, state ... Read more...

Posted in Business |

Food inflation slips sharply to 4.35 percent


December 15th, 2011 - 1:57 pm ICT by IANS
New Delhi, Dec 15 (IANS) India's annual food inflation fell sharply to 4.35 percent for the week ended Dec 3, the lowest in nearly four years, as prices of onion, ... Read more...

Posted in Business |

Food inflation falls to 39-month low of 6.6 percent


December 8th, 2011 - 8:22 pm ICT by IANS
New Delhi, Dec 8 (IANS) India's annual food inflation fell sharply to 6.60 percent for the week ended Nov 26, the lowest in nearly three-and-a-half years, as onion, potato, vegetables ... Read more...

Posted in Business |

Food inflation falls to 8 percent; to drop further: Pranab (Lead)


December 1st, 2011 - 8:15 pm ICT by IANS
New Delhi, Dec 1 (IANS) India's food inflation fell sharply to 8 percent for the week ended Nov 19 as compared to 9.01 percent in the previous week - ... Read more...

Posted in Business |

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